Key Takeaways
- During the projection period, the non vegetarian breakfast takeout category is expected to have the greatest market share of 67.9%. Vegan breakfast takeout, such as vegan butter, vegan boxed soup, vegan yoghurt, and others, are expected to be new and extremely popular trends over the forecast period.
- Due to the large user base in the US breakfast takeout industry, the American breakfast is expected to hold the greatest share of the market by breakfast type.
- By 2033, the chained foodservice segment is expected to dominate the worldwide breakfast takeaway market based on purchase model.
- The digital wallets category is expected to lead the market in terms of payment type due to the high demand potential for online transactions due to the extremely high rates of mobile phone ownership.
- North America, with a market share of 23.2 percent, leads the global breakfast takeaway market, followed by Europe, with a market share of 21.2 percent. Market expansion in the region is aided by excess production capacity, purchase behaviour, and consumption habits.
- With a CAGR of more than 7% from 2023 to 2033, Asia Pacific is expected to be the fastest-growing regional market.
- The North American health and wellness movement, with a focus on youth and the working class, is also attracting key participants in the breakfast takeout industry.
Recent Developments In Breakfast Takeout Market:
Partnerships, Product Launches, Collaborations, and Agreements:
- PepsiCo, based in the United States, entered the breakfast cereal market in 2001 when it bought Quaker Oats Company. It maintains its dominance in the morning food business by forming unique agreements such as PepsiCo-Frito-Lay.
- In 2021, Magic Spoon, which is known for its high-protein, keto-friendly cereals, expanded its original waffle with two more variations.
- In 2021, General Mills released a cereal based on the spooky comedy Ghostbusters: Afterlife. The cereal is loaded with dazzling orange crunchy bits and white and green ghost-shaped marshmallows to give the themed meal a frightening look.
Key Segments
By Nature:
- Vegetarian
- Non-Vegetarian
- Vegan
By Breakfast Type:
- Continental breakfast
- American breakfast
- English Breakfast
- Italian Breakfast
- Indonesian Breakfast
- Middle East Breakfast
- Japanese Breakfast
- Chinese Breakfast
- Indian Breakfast
By Purchase Model:
- Chained foodservice
- Independent foodservice
By Payment Type:
- Cash
- Debit cards
- Credit cards
- Digital Wallets
- Electronic bank transfers
By Business Type:
- Direct-to-consumer
- Platform-to-consumer
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
Frequently Asked Questions
What is the Current Market Valuation?
This market is valued at US$ 95,086.4 million in 2023.
What is the Key Dynamics Governing the Growth of the Breakfast Takeout Market?
Demand for breakfast takeout gained a major portion of the market.
Which is the Key Segment by Nature Type?
The non-vegetarian segment is likely to remain preferred through 2033.
Which Breakfast Type is Widely Favored in the Market?
The American breakfast is extensively preferred in the market.
How Big will the Breakfast Takeout Market by 2033?
The market is estimated to reach USD 1,86,148.9 million by 2033.
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